Slide 1: Mali: 25 years of delivering value to Mali
Mali 25 years of delivering value to Mali… Media briefing…October 2022 1
Slide 2: Cautionary Statement on Forward Looking Information
Cautionary Statement on Forward Looking Information… Certain information contained or incorporated by reference in this presentation, including any information as to Barrick’s strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All state
Slide 3: 25 years of investment in Mali
25 years of investment in Mali… The Power of Partnerships 1996 1997 2000 2003 2005 Randgold acquired Morila and Yalea First gold from Morila Loulo Loulo BHP Mali assets deposits Mine opened by construction pours 2006 including Syama discovered President starts first gold Loulo UG Alpha Oumar Konare
Slide 4: 25 years of adding value to Mali
25 years of adding value to Mali… RANDGOLD First gold BARRICK from MERGER Our continued investment Gara UG 2009 2011 2012 2017 2019 2020 2022 Gounkoto First gold Morila Gounkoto Gounkoto deposit from mine life Superpit UG starts discovered Gounkoto extended starts Loulo pays maiden dividend Loulo so
Slide 5: Focusing on Tier One and Strategic: Barrick - Africa's largest gold producer
Barrick - Africa’s largest gold producer Focusing on Tier One and Jabal Sayid 50% Strategic Morila 40% SAUDI ARABIA A Tier One Barrick EGYPT Produced 152 million discovery, now sold Assets1 pounds in 2021 (100%) MALI SENEGAL Loulo-Gounkoto Kibali 45% 80% DRC MALI Tongon 89.7% A Tier One discovery… 2
Slide 6: Barrick (Randgold)…contribution to Mali economy
Barrick (Randgold)…contribution to Mali economy Loulo, Gounkoto and Morila mines have contributed between 5% and 10% to the Malian GDP over the last 10 years % Contribution to Malian GDPi 10% 9% 8% 7% 6% Morila 5% Gounkoto 4% Loulo 3% 2% 1% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2
Slide 7: Barrick…contribution to Mali economy
Barrick…contribution to Mali economy In the first three quarters of 2022, Barrick has contributed $624 million to the Malian economy in the form of taxes, royalties, dividends, salaries and payments to local suppliers, taking the lifetime contribution of Barrick, previously Randgold, to $8.7 billion
Slide 8: Q3 2022 update
Q3 2022 update… Loulo-Gounkoto Complex 800 Gold Production (100%) Loulo-Gounkoto Complex remains on track to meet 2022 production guidance 700 Continued direct contribution to the Malian economy with YTD contributions in the form of dividends, royalties and taxes totaling $197m 600 Loulo-Gounkoto co
Slide 9: Safety, Health and Environment
Safety, Health and Environment… LTIFR/Million Hours Worked3 1.40 1.20 Safety 1.00 Mines continue to retain ISO 45001:2018 Safety Management 0.80 System certification 0.60 Proactive management of health and safety risks under strong 0.40 safety leadership, aimed to decrease the injury rate at all min
Slide 10: Malaria Control
Malaria Control… Malaria incidence rate increased by 29% Malaria Incidence Rate compared to the corresponding period last year 70 Actions to reverse the trend: Aggressive malaria awareness campaign in the 60 surrounding villages, which aims to raise door to door awareness 50 Review the mass drug adm
Slide 11: Gounkoto Underground…Progressing toward production
Gounkoto Underground… Progressing toward production More than 5km developed year to date to expose stoping areas as planned Primary ventilation shaft development completed Primary fan installation progressing very well Paste plant commissioning planned for Q4 2022 ahead of stoping activities commenc
Slide 12: Loulo UG...Infrastructure upgrades to support further extensions
Loulo UG...Infrastructure upgrades to support further extensions New primary fan installed at Yalea to ventilate the mine extension toward the south Yalea - new Fridge Plant construction at the final stages with commissioning planned at end of November 2022 Gara - new Fridge Plant construction has c
Slide 13: Loulo District…key structures indicate further discovery potential
Loulo District…key structures indicate further discovery potential Yalea depletion Yalea system Yalea South $1,200/oz pit pushback design continues to Gara North deliver Gara P129-Faradi Yalea Transfer Yalea Zone Hippo 0.0 – 0.7 0.7 – 2.0 Yalea Shear Emerging 2.0 – 3.0 3.0 – 4.0 Shoot Conversion 4.0
Slide 14: Loulo-Gounkoto…a local strategy
Loulo-Gounkoto…a local strategy Employees 100% Malian management team continues to set leading Total Employees: 5,965 example Nationals: 5,682 (95%) Focus on development of national employees – Community: 1,257 95% of workforce Expats: 283 (5%) Local development focus including successful training a
Slide 15: Loulo-Gounkoto…Local Partners
Loulo-Gounkoto…Local Partners Local Suppliers vs Foreign Suppliers Year to date, a total of $395 million was spent on local suppliers and contractors representing 80% of purchases Businesses endorsed ranging from fuel and lubricant supply to key contractors in mining and large scale capital 20% proj
Slide 16: Biodiversity…FINA Conservation
Estimated Species 1995 in 2022 Hippotragus 5 12 Biodiversity…FINA Conservation Bushbuck Grimm's duiker 38 40 49 16 Oribi 50 0 Redbuck 7 0 Warthog 148 14 Cynocephalus 764 190 Vervet 28 85 Lion 4 0 Hare 5 24 Working with DNEF to promote biodiversity in Mali White-tailed 7 11 mongoose Inventory complet
Slide 17: Potable water provided to communities
Potable water provided to communities… 63 boreholes and 25 water supply systems constructed Regular water quality analysis with annual feedback sessions held in each village Establishment of water management committees in each of the 15 villages 14 local artisans trained for water supply equipment m
Slide 18: Access to basic health
Access to basic health… 5 health centres built in the communities 2 CSCOMs rehabilitated for $18,986 Free medical services to communities (consultations, cure, evacuations, etc) Implementing malaria fighting program (larviciding, indoor spraying, mosquito net donation, repulsive, awareness, etc) Cov
Slide 19: Food security projects
Food security projects… 16 tractors donated to communities $67 393 for 113 tonnes of seeds and fertilizer purchased for annual donation to 614 farmers 3 340ha surface farmed with 5 100 tonnes of food produced Celebration of World Food Day through donation at Kenieba 5 water dams built 8 gardens buil
Slide 20: Illegal mining…damaging the environment
Illegal mining…damaging the environment Update Illegal mining continued to have a negative impact on environment Commitment to assist the state by establishing corridors with minimum infrastructure required to develop more professional and environmentally friendly practices 20
Slide 21: Continuing our journey to a better Africa for All
Continuing our journey to a better Africa for All… Mali 2022 – Recipients of Nos Vies en Partage donations La Pouponnière Niamana Bamako Housna Ka So With the help and generosity of our partners, we continue to support those left behind by society. Nos Vies en Partage is operated by Barrick and is s
Slide 22: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. A Strategic Asset is an asset which